'tarulestheday' pid='22999' datel Wrote:

'CesiumFormate' pid='22994' datel Wrote:It is a lot less risky for the shorts to sell now and leverage the money by buying long calls. I expect that is what is going on. Eventually the price will up move because once there are no shares to short, or they have to deliver on naked intra-day shorts they will have to/want let the price go so they can collect on their calls. I have not analyzed the Call contracts today, but I suspect that is what is happening. CF

CF: The call premiums are up slightly but I think that is just the IV given today's crazy trading. I don't see the shorts buying up the calls in volume.

If today's trading doesn't tell you that the company should be sold, I don't know what else would. Oh yea, when the stock sells off on high volume on the SD news, THAT might finally convince some longs that the company should be sold. The shorts can naked short a million shares per day as long as they cover before the close. A total buyout is the only way IOC will ever see fair valuation.

I fear you may be right, TA.

'Movieguy' pid='23004' datel Wrote:

I fear you may be right, TA.

I would love to be wrong but I have seen these movies before. That is how I found IOC in the first place, they owned the REGSHO list for years.

Anyway, today I put my money where my mouth is - I hedge my entire long position by selling $90, $100, and $120 calls in July.